Title : Amendment of Section 35e
State : Central
Year : 2006
In section 35E of the Central Excise Act, in sub-section (2), for the words "such authority", the words "such authority or any Central Excise Officer subordinate to him" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 80-ia
State : Central
Year : 2005
In section 80-IA of the Income-tax Act, in sub-section (4), after clause (iv), the following clause shall be inserted with effect from the 1st day of April, 2006, namely:-- "(v) an undertaking owned by an Indian company and set up for reconstruction or revival of a power generating plant, if-- (a) such Indian company is formed before the 30th day of November, 2005 with majority equity participation by public sector companies for the purposes of enforcing the security interest of the lenders to the company owning the power generating plant and such Indian company is notified before the 31st day of December, 2005 by the Central Government for the purposes of this clause; (b) such undertaking begins to generate or transmit or distribute power before the 31st day of March, 2007.". ..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2003
In section 10 of the Income-tax Act, 1961(43 of 1961) (hereafter in this Chapter referred to as the Income-tax Act), in clause (15),-- (A) after sub-clause (iiia), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2001, namely:-- "(iiib) interest payable to the Nordic Investment Bank, being a multilateral financial institution constituted by the Governments of Denmark, Finland, Iceland, Norway and Sweden, on a loan advanced by it to a project approved by the Central Government in terms of the Memorandum of Understanding entered into by the Central Government with that Bank on the 25th day of November, 1986;"; (B) in sub-clause (iv),-- (a) in item (c), the existing Explanation shall be numbered as..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 230
State : Central
Year : 2003
In section 230 of the Income-tax Act, in sub-section (2), after the word, brackets and figure "sub-section (1)", the words, brackets, figure and letter "or the first proviso to sub-section (1A)" shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2003. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 272a
State : Central
Year : 2003
In section 272A of the Income-tax Act, in sub-section (2), after clause (i), the following clause shall be inserted, namely:-- "(j) to deliver or cause to be delivered in due time a copy of the declaration referred to in sub-section (1A) of section 206C,". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 34a
State : Central
Year : 2003
In section 34A of the Wealth-tax Act,-- (a) in sub-section (3), for the words "eight per cent.", the words "six per cent." shall be substituted; (b) in sub-section (4B), in clause (a), for the words "two-third per cent.", the words "one-half per cent." shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 14 of Act 35 of 1987
State : Central
Year : 2003
In section 14 of the Expenditure-tax Act, 1987(35 of 1987), for the words "one and one-fourth per cent.", the words "one per cent." shall be substituted.op View Complete Act List Judgments citing this sectionTitle : Amendment of Section 7
State : Central
Year : 2007
In section 7 of the State Bank of India (Subsidiary Banks) Act,-- (a) after sub-section (1), th'e following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of a new bank shall, consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 6."; (b) for sub-sections (4) and (5), the following sub-sections shall be substituted, namely:-- "(4) A new bank may from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be prescribed,..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 21
State : Central
Year : 2007
Section 21 of the State Bank of India (Subsidiary Banks) Act shall be numbered as sub-section (1) thereof and after sub-section (1) as so numbered, the following sub-sections shall be inserted, namely:-- "(2) Notwithstanding anything contained in sub-section (1), it shall be lawful for a subsidiary bank to keep the register of shareholders in computer floppies or diskettes or any other electronic form subject to such safeguards as may be prescribed. (3) Notwithstanding anything contained in the Indian Evidence Act, 1872 (1 of 1872), a copy of, or extract from, the register of shareholders, certified to be a true copy under the hand of any officer of the subsidiary bank authorised in this behalf shall in all legal proceedings, be admissible in evidence.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 34
State : Central
Year : 2007
In section 34 of the State Bank of India (Subsidiary Banks) Act,-- (a) for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) The Board of Directors of a subsidiary bank shall meet at such time and place and shall observe such rules of procedure in regard to the transaction of business at its meetings as may be prescribed; and the meeting of the Board of Directors may be held by participation of the directors of the Board through video-conferencing or such other electronic means, as may be prescribed, which are capable of recording and recognising the participation of the directors and the proceedings of such meetings are capable of being recorded and stored: Provided that the Central Government may in consultation with the Reserve Bank, by a..... View Complete Act List Judgments citing this section